just a Space divider and ghost chairs. Another one where they put the long table up against the wall. Instead of chairs, have wall-hugging storage benches in an L-shape, with chairs on the 'living room' side and on the end for a big party.
27 Ways To Rethink Your Bed: Bed in a Closet. Also check out the Roll-Away Bed under a Platform; Cool way to quickly tidy up a small space, and keep pet hair off the bed! Maybe put a little reading or office space on top on the bed?
DIY: How to Install IKEA Bookcases So They Look Like Built-In's - lots of pictures and info on how this project was done, including how to allow for electrical outlets and mouldings - via Storefront Life